Market Pulse Archives
Nov. 8, 2012, 6:46 p.m. EST
Obama to discuss fiscal cliff, economy Friday
By Greg Robb WASHINGTON (MarketWatch) - President Barack Obama is scheduled to make a statement on Friday afternoon on efforts to strengthen the economy and avoid the fiscal cliff, the White House announced Thursday. Experts said that Obama will want to respond to House Speaker John Boehner, who will be holding a press conference earlier in the day. Boehner and other key congressional participants in the debate over fiscal policy have sent mixed signals since the election, on the one hand sounding conciliatory but also sounding dug-in on existing positions. For instance, Boehner said Wednesday that new revenue is acceptable to Republicans under the right conditions but should come through growth and reform, not higher tax rates. In an interview on ABC News, Boehner said he was optimistic that the two sides could find common ground. Boehner also said "Obamacare is the law of the land" and the outcome of the election changes his plan to seek a repeal of the health-care law